Price for Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR - 2022

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR (CIF) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR (FOB) - 2022
3. Imports of Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR
4. Exports of Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR

Price for Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $59 per ton in 2022, waning by -52% against the previous year. In general, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2020 when the average import price increased by 43%. As a result, import price reached the peak level of $134 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($96 per ton), while the price for Sweden stood at $54 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $450 per ton, rising by 172% against the previous year. Over the period under review, the export price saw modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.0% per year.

Imports of Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR

In 2022, approx. 911 tons of iron ores and concentrates, non-agglomerated were imported into Hong Kong SAR; falling by -92.7% compared with the previous year. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 45,989%. As a result, imports reached the peak of 12K tons, and then contracted dramatically in the following year.

In value terms, iron ore and concentrate, non-agglomerated imports declined remarkably to $54K in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 42,384%. As a result, imports attained the peak of $1.5M, and then contracted markedly in the following year.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Hong Kong SAR in 2022:

1. Sweden (838.3 tons)
2. China (66.6 tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of iron ores and concentrates, non-agglomerated, which decreased by -99.8% to 2.5 tons in 2022. In general, exports recorded a dramatic setback. The smallest decline of -49.4% was in 2020.

In value terms, iron ore and concentrate, non-agglomerated exports shrank markedly to $1.1K in 2022. Overall, exports recorded a dramatic setback. The smallest decline of -49% was in 2020.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Hong Kong SAR in 2022:

1. Thailand (2.5 tons)

Source: IndexBox Market Intelligence Platform